BUSINESS

Memebers of federal cabinet have divergent views over establishment of national carrier – Amaechi

Daily Dispatch May 23, 2019

The Federal Executive Council is divided on the modality for the establishment of the proposed national carrier called Nigeria Air, the Minister of Transportation, Rotimi Amaechi, announced on Thursday. Amaechi, who disclosed this during his valedictory press briefing in Abuja, also revealed

BUSINESS TECHNOLOGY

Onu tasks researchers on productivity

Daily Dispatch May 23, 2019

By ENE Ikpa The Minister of Science and Technology, Dr. Ogbonnaya Onu has charged agencies of the Ministry to endeavor to convert their research findings and innovation into products and services so as to boost the nation’s economy. Speaking during the 2019 town hall meeting and 2018 staff performance Award ceremony on Tuesday in Abuja, […]

BUSINESS

FIRS to impose VAT on online transactions, says Fowler

Daily Dispatch May 18, 2019

The Federal Inland Revenue Service (FIRS) says it will soon begin collection of Value Added Tax (VAT) on online transactions. The Chairman of the agency, Mr Babatunde Fowler, made the disclosure in an interview with the News Agency of Nigeria (NAN) in New York on Saturday. Fowler said: “soon, we will ask banks to impose […]

BUSINESS

FIRS posts N1.5tn revenue in Q1 of 2019, Fowler says

Daily Dispatch May 18, 2019

The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Fowler disclosed this to the News Agency of Nigeria (NAN) in New York at the weekend. He said the amount included revenue from non-oil taxes that were 11 per cent higher […]

BUSINESS

What CBN will do in the next five years – Emefiele

Daily Dispatch May 17, 2019

Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele says CBN in the next five years, will aggressively pursue policies that will further diversify the Nigerian economy. Emefiele said this in an interview with newsmen on Friday in Nsukka, Enugu State, after a Special Convocation of the University of Nigeria (UNN), where he was conferred […]

BUSINESS

MTN stocks gain 21% in 48 hours

Daily Dispatch May 17, 2019

The share price of MTN on Nigeria’s bourse soared by 21 per cent in two days, closing at N108.90 on Friday. The telecommunications giant, which is the only one listed in the sector by the Nigerian Stock Exchange gained the maximum 10 per cent each of the two days of trading. It was initially listed […]